How Has the Semiconductor Etch Equipment Market Evolved Historically and What is its Current Size?
The semiconductor etch equipment market has seen considerable growth due to a variety of factors.
• The dimension of the semiconductor etch equipment market has seen robust growth in the past few years. The market, expected to expand from $23.19 billion in 2024, is projected to reach $24.77 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%.
Factors contributing to this steady growth during the historical period include an upward trend in smartphone usage and other electronic enhancements, growth in the complicated nature of integrated circuits, resilience and localization in supply chains, a reduction in the product lifespan of electronic devices, and the ongoing rapid spread of wearable devices.
What is the Forecasted Market Size and CAGR for the Semiconductor Etch Equipment Market?
The semiconductor etch equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The semiconductor etch equipment market is projected to experience robust growth in the upcoming years, escalating to a market value of $32.53 billion by 2029 at a compound annual growth rate (CAGR) of 7.0%.
Factors contributing to the projected growth within the forecast period include increased investments in foundries, the shift towards finfet and 3D Nand technologies, a rising demand for high-density etch equipment, swift growth of wearable technology, and a strong demand for consumer electronics. The forecast period also expects to see key market trends such as technological advancements, diverse integration, a shift to advanced etching techniques, semiconductors sector's expansion, and the rise of multi-patterning techniques.
What Key Factors and Trends Are Driving The Growth Semiconductor Etch Equipment Market?
The semiconductor etch equipment market is projected to expand due to the escalating demand for semiconductor devices. Semiconductor devices are electronic components fashioned from semiconductor materials, their functions dependent on the material's electronic properties. The role of semiconductor etching equipment is crucial in the precise formation of complex patterns and structures on semiconductor substrates. This has become more significant as semiconductor devices grow intricate and their feature sizes reduce. The manufacturing process, therefore, requires the superior precision and control offered by etching equipment. For instance, the Semiconductor Industry Association, based in the US, reported that the industry sold 1.15 trillion semiconductors, topping $555.9 billion in sales which is the highest recorded annual total, registering a growth of 26.2% compared to the previous year. Thus, the growing demand for semiconductor devices is fueling the advancement of the semiconductor etch equipment market.
What Are The Market Segments In The Semiconductor Etch Equipment Market?
The semiconductor etch equipment market covered in this report is segmented –
1) By Product Type: High-density Etch Equipment, Low-density Etch Equipment
2) By Etching Film Type: Conductor Etching, Dielectric Etching, Polysilicon Etching
3) By Application: Foundries, Micro-electromechanical System (MEMS), Sensors, Power Devices
Subsegments:
1) By High-Density Etch Equipment: Inductively Coupled Plasma (ICP) Etchers, Reactive Ion Etching (RIE) Systems, Plasma Etching Equipment
2) By Low-Density Etch Equipment: Conventional Etching Systems, Wet Etching Equipment, Dry Etching Equipment
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How Are Emerging Trends Reshaping The Dynamics Of The Semiconductor Etch Equipment Market?
Leading firms in the semiconductor etch equipment market are concentrating on introducing pioneering technology like mass production-proven bevel technology to enhance the production of advanced wafer semiconductors. This is a specialized technology used specifically in the semiconductor sector to accurately shape and profile the edges of semiconductor wafers throughout the manufacturing process. Lam Research Semiconductor, an American semiconductor company, for example, unveiled Coronus DX in June 2023. This is a bevel deposition solution specifically designed to tackle primary manufacturing obstacles prevalent in next-generation logic, 3D NAND, and advanced packaging applications. The protective coating provided by the solution mitigates defects and damage risks, subsequently improving yield and allowing chip makers to integrate new, cutting-edge 3D NAND and advanced packaging applications. The architecture of the Coronus DX ensures top-level precision in wafer centering and process control, inclusive of integrated metrology, thereby guaranteeing uniformity and dependability in the production process.
Who Are the Key Players In The Semiconductor Etch Equipment Market?
Major companies operating in the semiconductor etch equipment market report are:
• Panasonic Corporation
• Lam Research Corporation
• Tokyo Electron Limited (TEL)
• KLA Corporation
• Hitachi High-Tech Corporation
• Nikon Corporation
• Nordson Corporation
• SEMES Co. Ltd.
• Advanced Dicing Technologies (ADT)
• Axcelis Technologies
• Veeco Instruments
• Shibaura Mechatronics Corporation
• Oxford Instruments
• EV Group (EVG)
• Mattson Technology
• Canon Anelva Corporation
• SPTS Technologies
• Advanced Micro-Fabrication Equipment Inc.
• Nova Measuring Instruments
• ULVAC Technologies Inc.
• Plasma-Therm LLC
• SAMCO Inc.
• Tegal Corporation
• Plasma Systems Inc.
What Are The Regional Insights Into The Semiconductor Etch Equipment Market?
Asia-Pacific was the largest region in the semiconductor etch equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor etch equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
